LA QUEEN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LA QUEEN
Largest movements
- Tangible fixed assets -€5,827
down €5,827 (-16.9%), from €34,515 to €28,687
of which Other tangible fixed assets: -€3,131
- Cash +€5,459
up €5,459 (+9737.4%), from €56 to €5,515
mainly Other debts (+€48,192) and Depreciation (+€6,061)
- Receivables within one year +€2,066
up €2,066 (+20.7%), from €9,982 to €12,048
of which Trade receivables: +€1,658
- Profit (loss) carried forward -€49,695
down €49,695 (-54.6%), from -€90,948 to -€140,643
- Other debts +€48,192
up €48,192 (+37.9%), from €127,302 to €175,494
- Accrued charges and deferred income +€3,000
new in 2025: €3,000
- Gross operating margin -€10,084
down €10,084 (-30.6%), from -€32,937 to -€43,021
- Depreciation +€1,543
up €1,543 (+34.2%), from €4,518 to €6,061
- Other operating charges -€978
down €978 (-66.3%), from €1,475 to €497
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,387 | €47,851 | +€1,464 | +3.2% |
| Formation expenses | 20 | €1,834 | €1,601 | -€233 | -12.7% |
| Fixed assets | 21/28 | €34,515 | €28,687 | -€5,827 | -16.9% |
| Tangible fixed assets | 22/27 | €34,515 | €28,687 | -€5,827 | -16.9% |
| Plant, machinery and equipment | 23 | €816 | €640 | -€176 | -21.6% |
| Furniture and vehicles | 24 | €6,684 | €4,164 | -€2,520 | -37.7% |
| Other tangible fixed assets | 26 | €27,015 | €23,883 | -€3,131 | -11.6% |
| Current assets | 29/58 | €10,038 | €17,563 | +€7,525 | +75.0% |
| Amounts receivable within one year | 40/41 | €9,982 | €12,048 | +€2,066 | +20.7% |
| Trade receivables | 40 | - | €1,658 | +€1,658 | |
| Other amounts receivable | 41 | €9,982 | €10,391 | +€408 | +4.1% |
| Cash at bank and in hand | 54/58 | €56 | €5,515 | +€5,459 | +9737.4% |
| Total equity and liabilities | 10/49 | €46,387 | €47,851 | +€1,464 | +3.2% |
| Equity | 10/15 | -€80,948 | -€130,643 | -€49,695 | -61.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,948 | -€140,643 | -€49,695 | -54.6% |
| Amounts payable | 17/49 | €127,335 | €178,494 | +€51,159 | +40.2% |
| Amounts payable within one year | 42/48 | €127,335 | €175,494 | +€48,159 | +37.8% |
| Trade debts | 44 | €34 | - | -€34 | |
| Suppliers | 440/4 | €34 | - | -€34 | |
| Other amounts payable | 47/48 | €127,302 | €175,494 | +€48,192 | +37.9% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,518 | €6,061 | +€1,543 | +34.2% |
| Other operating charges | 640/8 | €1,475 | €497 | -€978 | -66.3% |
| Gross operating margin | 9900 | -€32,937 | -€43,021 | -€10,084 | -30.6% |
| Operating profit (loss) | 9901 | -€38,929 | -€49,579 | -€10,649 | -27.4% |
| Financial charges | 65/66B | €116 | €116 | -€0 | -0.2% |
| Recurring financial charges | 65 | €116 | €116 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,046 | -€49,695 | -€10,649 | -27.3% |
| Profit (loss) for the period | 9904 | -€39,046 | -€49,695 | -€10,649 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,046 | -€49,695 | -€10,649 | -27.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.